Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Orderly against Binance+0.169%49s7-day average −0.014% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 3 days (all we have)+0.098%+$10 · spread now +0.169%, 7d avg −0.014%

Together, before fees+0.164%+$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.182% dearer against Binance than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.014%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance UNIUSDT	8.8990	0.0100	pay 0.0100% / 8h	1h 13m	$218.7M	$589.3M	75x
Short	Orderly PERP_UNI_USDC	8.9140	0.0100	get 0.0100% / 8h	1h 13m	$16K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee OrderlybpOrdersPrice spread, now +0.169%Rate

Funding earned: $0
Price spread: +0.169% → −0.014%: $18.23
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $2.23
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Binance: live order book, 15 min ago; Orderly: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 15 min ago	0.57 bp	7.6 bp −$8	11.9 bp −$119	24.3 bp −$2,433	146.7 bp −$73.4K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni UNI	−0.0045%	8h	8.9174	+0.207%	$3.9M	$4.5M	—	as long as short
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	8.9052	+0.070%	$62K	—	150x	as long as short
Bybit UNIUSDT	+0.0005%	8h	8.8980	−0.011%	$101.5M	$104.7M	75x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0014%	1h	8.9196	+0.231%	$567K	$157K	50x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−0.775%	$660	$155K	12x	as long as short
OKX UNI-USDT-SWAP	+0.0049%	8h	8.8980	−0.011%	$55.1M	$245.6M	50x	as long as short
01 Exchange UNIUSD	+0.0072%	1h	8.9050	+0.067%	$444	—	10x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	8.9027	+0.041%	$25K	—	20x	as long as short
Nado UNI-PERP	+0.0100%	1h	8.8985	−0.006%	$943K	$4.0M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	8.9119	+0.145%	$1.0M	$3.3M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica UNI	+0.0100%	1h	8.9058	+0.076%	$301K	$577K	10x	as long as short
Binance UNIUSDTlong	+0.0100%	8h	8.8990	long leg	$218.7M	$589.3M	75x
Arcus UNI-USD	+0.0100%	1h	8.9060	+0.079%	$274K	$621K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	8.8980	−0.011%	$23.0M	$58.8M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	8.9060	+0.079%	$43.1M	$24.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	8.9010	+0.022%	$13.5M	$13.8M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	8.9010	+0.022%	$32.3M	$41.3M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	8.8970	−0.022%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	8.9105	+0.129%	$989K	$2.3M	10x	as long as short
edgeX UNIUSDC	+0.0100%	4h	8.8836	−0.173%	$167K	$344K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	8.8880	−0.124%	$627K	$2.5M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	8.8860	−0.146%	$88K	$712K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	8.9200	+0.236%	$106K	$3.2M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	8.9040	+0.056%	$87K	$355K	10x	as long as short
Orderly PERP_UNI_USDCshort	+0.0100%	8h	8.9140	+0.169%	$16K	$1.7M	10x
SunX UNI-USDT	+0.0100%	8h	8.9253	+0.296%	$36K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	8.9150	+0.180%	$25K	$666K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	8.9312	+0.362%	$732K	$4.3M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	8.9120	+0.146%	$26.8M	$4.4M	50x	as long as short
Extended UNI-USD	+0.0104%	1h	8.8922	−0.077%	$302K	$1.5M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	8.9143	+0.172%	$32K	$1K	3x	as long as short
dYdX UNI-USD	+0.0115%	1h	8.9052	+0.070%	$247K	$6K	10x	as long as short
BloFin UNI-USDT	+0.0220%	8h	8.9220	+0.258%	$9.9M	$3.4M	75x	as long as short
Coinbase International UNI-PERP-INTX	+0.0224%	1h	8.9320	+0.371%	$1.1M	$5.3M	50x	as long as short
Kraken Futures PF_UNIUSD	+0.0339%	1h	8.9212	+0.250%	$5.0M	$7.0M	50x	as long as short
Reya UNIRUSDPERP	+0.0362%	1h	8.9025	+0.039%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0379% / S −0.0319%	1h	8.9179	+0.212%	$559K	—	120x	as long as short
Hyperliquid UNI	+0.0400%	1h	8.9144	+0.173%	$98.1M	$59.3M	10x	as long as short
Lighter UNI	+0.0632%	1h	8.9204	+0.240%	$4.6M	$5.2M	15x	as long as short
Aftermath Perps UNIUSD	+0.0650%	1h	8.9045	+0.062%	$1K	$49K	10x	as long as short